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HKG:9660

5 stories mentioning HKG:9660Updated 23d ago

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Asia

Horizon Robotics Turns to H1 Attributable Profit; Revenue Up

Horizon Robotics (HKG:9660) reported 3.78 billion yuan in profit attributable to owners for the first half, compared with an attributable loss of 5.23 billion yuan a year ago, a Monday bourse filing showed.The company incurred a loss per share of 0.09 yuan, narrower than 0.42 yuan in the year-ago period.For the six months ended June 30, revenue from continuing operations was 2.05 billion yuan, versus 1.55 billion yuan previously, the Hong Kong-listed robotics company said.

HKG:9660
Treasury

Horizon Robotics Sells $450 Million Convertible Bonds

Horizon Robotics (HKG:9660) completed the issue of $450 million of convertible bonds on Wednesday, according to a same-day Hong Kong bourse filing.The zero coupon convertible bonds due to mature in 2027 are expected to start trading on the Vienna bourse on or around Thursday, July 30.The company also obtained approval for the listing of the conversion shares on the Hong Kong bourse.

HKG:9660
Treasury

Horizon Robotics Prices $450 Million Convertible Bond Offering; Shares Down 4%

Horizon Robotics (HKG:9660) priced its $450 million zero-coupon convertible bonds due 2027, according to a Thursday Hong Kong bourse filing.The bonds carry an initial conversion price of HK$5.55 per Class B share, a 16.8% premium to the stock's closing price on July 22.They are convertible into about 635.6 million Class B shares upon full conversion.Horizon expects net proceeds of about $445.5 million and plans to use about $398.9 million to fund payments under its amended agreement with CARIAD. The remaining proceeds will be used for working capital and general corporate purposes.The bonds are expected to mature on or around July 27, 2027.Horizon Robotics will apply to list the bonds on the Vienna MTF and the conversion shares on the Hong Kong Stock Exchange.Shares of the company fell nearly 4% in recent trade.

HKG:9660
Asia

Horizon Robotics Grants AI Model Access to Volkswagen for Driving Solution Development

Horizon Robotics (HKG:9660) signed an agreement with Volkswagen's CARIZON to grant the latter white-box access to its AI foundation model, according to a Wednesday release by Volkswagen Group China.Access to the technology will allow Volkswagen to accelerate the development of its AI driving solutions, in particular the L3 and L4 automated driving technologies.L3 capability deliveries are expected to start from the second half of 2027."By combining leading AI capabilities with our engineering expertise, we are creating technologies that delight our customers, reinforce our competitiveness in China, and open up new opportunities in selected international markets," Volkswagen Group CEO Oliver Blume said.

HKG:9660
Asia

Horizon Robotics Expects Return to H1 Profit; Shares up 4%

Horizon Robotics (HKG:9660) expects to post net profit of 3.50 billion yuan to 4.00 billion yuan for the first half of 2026, compared with a loss of 5.23 billion yuan a year earlier, according to a Tuesday Hong Kong bourse filing.The AI chipmaker attributed the expected profit mainly to a fair value gain on a convertible loan issued to CARIAD following movements in its share price.Revenue from continuing operations is expected to be in the range of 1.93 billion yuan to 2.08 billion yuan compared with 1.55 billion yuan, driven by growth in both its product solutions and licenses and services businesses.Shares of the company rose over 4% in recent trade.

HKG:9660

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